EXHIBIT 10.29
TURNKEY HOSPITAL PURCHASE AGREEMENT
1. SELLER
Neurotech Development Corporation, located at 00 Xxxxxxx Xxxxxx Xxxxxxxxx, XX
00000, XXX, a registered Delaware Corporation hereby referred to as the
Seller.
2. PURCHASER
The People's Government of Jiading Shanghai hereinafter referred to as the
Purchaser. That the purchaser will be the operator of the hospital(s), the
Purchaser is entering into this Agreement with full corporate intent and
legal responsibility in accordance with the governing laws of The People's
Republic of China.
3. QUALITY STANDARDS
The Purchaser will maintain the quality standards set forth by the Seller in
the training program of the hospitals named in this Agreement.
4. DESCRIPTION OF HOSPITALS
A 80 bed acute care facility with full outpatient departments and services as
well as emergency services and education centre. This hospital will act in
connection with and as part of a tertiary hospital with a qualified trauma
center, through direct computer and data access.
Size: 14,000 Sq. Ft.
Number of beds: 80
Structure: Prefabricated Steel
All acute care departments: Radiology
Emergency
Oncology
Neurology
Orthopedic
Obstetric
Gynecology
Pediatric
Surgery
Urology
Internal Medicine
Cardiology
Laboratory
Operating Systems: Accounting
Purchasing
Medical Records
"Global Health Enterprises Turn Key Hospitals" as presented in publication
titled Global Health Enterprises Turnkey Hospitals to act as satellite
hospitals in the surrounding areas.
Hospitals shall consist of: Prefabricated steel buildings
All diagnostic and laboratory equipment
(per book)
Operating room equipment
Emergency room equipment
Pharmacy equipment
All Pharmaceuticals
All medical disposables
Computerized billing and accounting systems
Medical records systems
Construction standard: USA
Pharmaceutical standard: USA
Equipment standard: USA
Health practice code: USA
5. SERVICES PROVIDED BY SELLER
Ancillary services: Staff training in USA
Medical staff: Full medical staff
Full laboratory staff
Administrative staff
Support services only: Maintenance supervisor
Housekeeping
Dietary supervision
6. DEPOSIT
Normal deposit requirements are hereby waived.
7. NON EXCLUSIVITY
The hospitals are sold on a non exclusive basis. The names "Global Health",
"Neurotech Corporation" cannot be used in the operating name of the hospital.
8. CONTRACTUAL ORDER OF PROCEDURES
Upon execution of this contract and receipt of first payment, Global Health
Technical team will arrive at site, begin public health study, operating
study, and prepare final report and final budgetary proposal. The report
will consist of recommended final configuration and drawings for each
hospital, dependent on population, service area, public health etc.
Technical staff administrator, will remain and begin interviews and
selection of hospital staff with purchaser.
9. APPROVALS REQUIRED
Seller will provide purchaser with final report, budgetary scheme, and
physical model for final approval within 30 days of receipt of first
payment.
10. PAYMENT
Upon purchasers acceptance of this contract, purchaser's bank will open bank
Guaranty with the Bank of China for construction of the proposed
hospital(s). Such bank guarantees will be in the increments of $15,000,000
USD. Such issuance will be in accordance with the budgets and budgetary
times required by the government for such capital projects.
11. DELIVERY TIME
There is one tertiary care hospital in this contract and which will be
delivered and opened in accordance with the final schedules set forth by
mutual agreement between the purchasor and the seller.
It is anticipated that this project will be completed in phases over a
period of 3 years.
12. TRAINING
Staff training shall commence at the beginning of the manufacturing process.
Air transportation, employee salaries, meals, are the responsibility of the
purchaser.
Training shall take place at the University of Texas, at Galveston, or any
other Neurotech affiliated school.
There will be 2 classes each timed for the delivery of the hospitals for
that period.
13. ADMINISTRATOR
An American administrator will remain for the first 6 months of operation at
the expense of the Seller.
14. FINANCING
Financing is provided in accordance with the terms of the Bank Guaranty.
15. PURCHASER PROVIDES
Land
Road
Electricity
Fresh Water
Sewage
Contract Purchasor will place hospitals on (minimum 1 hectare/site each)
16. PRICING
The 80 bed acute care facility is priced at $12,000,000 USD
Pricing may vary in accordance with final specifications and recommendations
of technical committee and/or Purchaser.
Total price of this project for hospital is $24,000,000 USD.
17. ENDORSEMENTS
This hospital project has been submitted to The World Council of Peoples For
The United Nations as a humanitarian project and as such may use this
recognition when seeking financing and governmental approval.
18. GOVERNING LAW
This contract shall be deemed valid and subject to the laws of The Peoples
Republic of China.
19. LOCATIONS
The hospitals shall be located in the areas as directed by the municipality
of Hangzhou. Modifications in design required by geographical location, will
be the responsibility of the Purchasor.
Such special conditions include constant power generation, medical waste
disposal unit, flood, plane, earthquake, etc.
A separate public health analysis will be done for each area.
20. RECOGNIZED AGENTS
The following agents are recognized as agents for the Seller.
Grace Fame Industrial Ltd.
601-4 Hilder Center
0 Xxxx Xxxx Xx.
Xxxx Xxx, Xxxx Xxxx
Xxxxxx Xxx, President
21. TERM OF PROJECT
This Project is estimated to take 3 years to complete from the date of
initial contract payment.
So we hereby complete this agreement and set forth our signatures on this
date.
AGREED
Seller: /s/ Xxxxxxxx Xxxx Date: 11-4-99
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Neurotech Development Corporation
Xxxxxxxx Xxxx, Vice President
Purchaser: /s/ Date: 7-11-99
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Public Health Bureau of Jiading Shanghai
Agent: /s/ Date: 7-11-99
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Grace Fame Industrial Ltd.
Xxxxxx Xxx, President
